摘要
The Shanghai Huayi Group has signed with the partner in Anhui a collaborative agreement on establishment of a chemical park in Anhui province and construction of a large coal chemical integrated unit. This chemical park will be located in Wuwei county along the bank of Yangtze River. The phase 1 investment projects including a power plant and a 500 kt/a methanol plant are expected to come on stream in 2009- 2010. Other derivatives including the acetic acid and olefins projects will be commissioned in the later period. The investment in the phase 1 projects is estimated to be 4.4 billion RMB. According to the Shanghai Huayi Group, due to escalatirrg oil price and abundant coal reserves in China its future investment will be targeted mainly on the coal chemical routes.
